Swiss National Day

Exports YoY

70.7%

Imports YoY

30%

Balance of Trade

36090000000

South Korea is heavily dependent on international trade with the biggest trading partners including China, the US and Japan. The country has been recording consistent trade surpluses since 2008 with the exception of 2022 when the war in Ukraine increased substantially the bill for imports of oil and food.

Baker Hughes Total Rigs Count

587

US Total Rigs refer to the number of active US rigs drilling in a given week.

Baker Hughes Oil Rig Count

450

US Crude Oil Rigs refer to the number of active US rigs drilling for oil in a given week.

Budget Balance

-7000000000

The government budget balance is the difference between government revenues and expenses. The budget is balanced when outlays equal to receipts, the country reports budget surplus when revenues are higher than expenses and deficit when expenses exceed the revenues.